Personal Loan Eligibility

To apply for a personal loan, you should meet the following basic criteria:

For Salaried Individuals

• Age: 21 to 60 years

• Employment: Employed with a reputed company / government / PSU

• Minimum monthly income: ₹15,000 – ₹25,000 (varies by lender)

• Work experience: At least 6–12 months in current job

• Credit score: 650+ preferred

For Self-Employed / Business Owners

• Age: 21 to 65 years

• Business vintage: Minimum 2–3 years

• Stable monthly income and bank transactions

• Credit score: 650+ preferred

Documents Required for Personal Loan

Common Documents (For All Applicants)

• Identity Proof: Aadhaar Card / PAN Card / Passport / Voter ID

• Address Proof: Aadhaar Card / Passport / Utility Bill / Rent Agreement

• PAN Card (Mandatory)

For Salaried Applicants

• Latest 3–6 months salary slips

• Last 6 months bank statements

• Employment ID / Appointment Letter (if required)

For Self-Employed Applicants

• Last 2–3 years ITR

• Business registration proof (GST / Shop Act / Udyam)

• Last 6–12 months bank statements

• Profit & Loss and Balance Sheet (if applicable)

Key Factors Affecting Eligibility

• Credit score & repayment history

• Monthly income & existing EMIs

• Job stability / business continuity

• Bank statement transactions

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